Blog Post

Increase FDI in aerospace & defense manufacturing to 74%

NEW DELHI: The Government needs to further increase the FDI cap to at least 74 per cent in order to attract foreign investment in the defence sector, an Assocham-PwC joint study said today.

The defence sector in the country has immense possibilities for attracting investments, setting up manufacturing units, obtaining technologies and capabilities and generating high skilled employment, quoting the study industry body Assocham said in a statement.